Lender intelligence
Financing a flooring contractors acquisition in Minnesota
The SBA 7(a) lenders funding the most flooring contractors acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Deal economics— what it takes to buy & finance flooring contractors in Minnesota
$1.80M
Typical loan
range $400K–$1.80M
$2.00M
Est. purchase price
≈ loan ÷ 90%
$275,125
Cash to close
$200,000 down + fees
$23,292/mo
Typical payment
~9.5% · 10yr
$321,430/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
70 days
Typical time to fund
2
Lenders competing
more = leverage
6.03%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active in flooring contractors · Minnesota
Ranked by funded flooring contractors acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.116 loans · $120M · Evansville, INFull record →
2+ funded Flooring Contractors in Minnesota deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Centennial Flooring, Inc. in Saint Paul, MN — $400K (2023) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.95% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $300K (75%)
- Approval → funding
- 70 days
- Approved
- 9/19/2023
- First disbursed
- 11/28/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- Change of Ownership
- Industry
- Flooring Contractors
If you were the buyer here
- Est. deal size
- $444K
- Est. down payment (10%)
- $44K
- Est. cash at closing
- $59K
- Monthly payment
- $4,843
- Annual debt service
- $58K
- Cash flow needed (1.25×)
- $73K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Old National Bank · Lender record →
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- Carpet King, Inc. in Minneapolis, MN — $1.8M (2020) · purchase · First National Bank of Omaha
- Program
- Preferred Lenders Program
- Rate at approval
- 4.1% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 0 days
- Approved
- 9/25/2020
- First disbursed
- 9/25/2020
- Loan status
- Paid in full (2/28/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 53
- Business age
- Change of Ownership
- Industry
- Flooring Contractors
If you were the buyer here
- Est. deal size
- $2.0M
- Est. down payment (10%)
- $200K
- Est. cash at closing
- $275K
- Monthly payment
- $24,687
- Annual debt service
- $296K
- Cash flow needed (1.25×)
- $370K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by First National Bank of Omaha · Lender record →
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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to flooring contractors businesses with a Minnesota project address.
Agent summary
How to finance a flooring contractors acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. Old National Bank funds the most here. CapBench is not a lender.
- $391K typical loan
- 2 lenders active in Minnesota
- 2+ funded Minnesota deals
- 70 days typical to fund
Buyers buying a flooring contractors in Minnesota typically pre-qualify, then ask CapBench to introduce a lender active here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.